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What the team is known for Respected securitization practice able to handle traditional asset-backed and mortgage-backed transactions. A strong choice for the representation of both issuers and underwriters. Draws on complementary practice strengths in banking and finance to strengthen its securitization offering.
Strengths One source comments: "They have good depth of experience in these matters and they are practical, good attorneys who know the issues."
"They make sure that the client is well represented," comments another interviewee, who also considers the lawyers to be "business-savvy."
Sources appreciate that "they are very timely in meeting deadlines."
Work highlights Represented Citibank as security trustee, operating bank, trustee and paying agent in the issuance of $474 million of notes secured by a portfolio of 20 aircraft leased to 13 airlines in 11 countries.
Richard Simonds "has a particular strength in the securitization of residential mortgage loans," says one interviewee. He garners praise for his longstanding experience in the securitization market, with other sources describing him as "a super smart lawyer and a great technician."
Tara Castillo is well versed in ABS securitizations, advising on transactions across a range of different industries. A client comments: "She is super responsive" and "very capable in the ABS space; she knows a lot about different structures and is willing to come up with new ideas."